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  Zhong Shanshan, owner of largest Chinese beverage company, is Asia's richest person

  Business | December 31, 2020 13:42 IST

  Chinese billionaire businessman Zhong Shanshan has replaced India's Mukesh Ambani to become Asia's richest person. He has also eclipsed Chinese tech giants including Jack Ma in the list.  

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  Future Retail says reviewing HC order, Amazon welcomes verdict

  Business | December 21, 2020 20:55 IST

  Kishore Biyani-led Future Retail Ltd (FRL) on Monday said it is “reviewing” the Delhi High Court order that has rejected its plea to restrain Amazon from writing to regulatory authorities about the SIAC arbitral order against its asset sale under a Rs 24,713 crore deal with Reliance.

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  Five of top 10 most valued firms lose together ₹91,699 crore m-cap; RIL worst hit

  Business | November 29, 2020 13:42 IST

  The combined market valuation of five of top-10 most valued firms declined by ₹91,699 crore last week, with heavyweight Reliance Industries emerging as the worst hit.  Tata Consultancy Services (TCS), HDFC Bank, Hindustan Unilever Limited, Kotak Mahindra Bank and Bajaj Finance were the gainers.

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  RIL shares jump over 3% after Saudi Arabia's PIF invests Rs 9,555 cr in Reliance Retail

  Business | November 06, 2020 13:31 IST

  Billionaire Mukesh Ambani-run Reliance Industries Ltd's retail arm on Thursday raised Rs 9,555 crore from Public Investment Fund (PIF) of Saudi Arabia, taking total fundraise in the last two months to Rs 47,265 crore.

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  Saudi Arabia's PIF invests Rs 9,555 crore in Reliance Retail

  Business | November 05, 2020 17:51 IST

  Billionaire Mukesh Ambani-run Reliance Industries Ltd's retail arm on Thursday raised Rs 9,555 crore from Public Investment Fund (PIF) of Saudi Arabia, taking total fundraise in the last two months to Rs 47,265 crore.

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  Reliance Industries Q2 net falls 15 per cent on weak oil business

  Business | October 30, 2020 22:13 IST

  Billionaire Mukesh Ambani's Reliance Industries Ltd on Friday reported a 15 per cent drop in second quarter net profit after the pandemic-hit oil demand dragged down continued good showing in consumer-facing businesses such as telecom.

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  Reliance Jio Q2 net profit jumps 3-fold to Rs 2,844 crore, revenue zooms 33 per cent

  Business | October 30, 2020 20:38 IST

  Global investment firm KKR on Thursday said it has floated a separate company, Virescent Infrastructure, to acquire renewable energy assets in India. Virescent currently owns 317 MW of solar assets located in Maharashtra and Tamil Nadu.

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  Sensex plunges 540 points; Reliance Industries tanks 4 percent

  October 26, 2020 16:46 IST

  Equity benchmark Sensex plunged 540 points on Monday, tracking heavy losses in index majors Reliance Industries, HDFC Bank and ICICI Bank amid negative cues from global markets.

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  Reliance rolls back salary cuts, offers bonus

  Business | October 25, 2020 20:53 IST

  The firm is also offering an advance 30 per cent of the variable pay from the next year's salary to its lakh-plus employees as a goodwill gesture for working during the pandemic, two persons familiar with the matter said.

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  Amazon drags Reliance-Future Group deal to Singapore arbitration

  Business | October 09, 2020 11:11 IST

  US online retailer Amazon.com Inc has slapped a legal notice on Future Group, alleging that the retailer's Rs 24,713 crore asset sale to Reliance Industries violated an agreement with the e-commerce giant.

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  Hurun India Rich list 2020: Mukesh Ambani tops for 9th consecutive year | Check top 10 billionaires

  Business | September 29, 2020 14:19 IST

  IIFL Wealth Hurun India Rich List 2020: Reliance Industries MD and chairman Mukesh Ambani continues to be the richest Indian for the ninth consecutive year on Hurun India Rich List 2020 with Rs 6,58,400 crore of personal wealth.

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  Tata App: Walmart likely to join hands with Tata Group, may invest up to $25 bn in super app

  Business | September 29, 2020 12:47 IST

  Walmart Inc. is in talks with Tata Group for an investment of up to $25 billion in the proposed "super app" of the salt-to-software conglomerate, the Mint newspaper reported on Tuesday, citing people familiar with the matter.

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  Reliance Industries shares close nearly 1 per cent higher after KKR deal

  September 23, 2020 17:10 IST

  Shares of Reliance Industries on Wednesday closed with nearly 1 per cent gains after the company said global investment firm KKR will invest Rs 5,550 crore in its subsidiary Reliance Retail Ventures Ltd (RRVL) to pick 1.28 per cent equity stake.

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  RIL, TCS, HUL and Infosys add Rs 3 lakh crore in m-cap in one week

  Business | September 13, 2020 10:17 IST

  Shares of Reliance Industries were in the limelight last week amid media reports that it has offered a 40 per cent stake in its retail arm worth about USD 20 billion to Amazon.com, which the company said was speculative.

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  Mukesh Ambani's RIL becomes first Indian firm to cross $200 billion M-cap: All you need to know

  Business | September 11, 2020 18:03 IST

  Industrialist Mukesh Ambani's Reliance Industries Limited (RIL) has become India's first company to cross $210 billion market cap, entering the top 40 of worlds most valuable firms. At this market valuation, Reliance Industries is now worlds 40th most valuable firm ahead of the likes of Exxon Mobil, PepsiCo, SAP, Oracle, Pfizer and Novartis.

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  Reliance first Indian firm to cross $200 billion M-Cap, becomes world's 40th most valuable company

  Business | September 10, 2020 23:12 IST

  Billionaire Mukesh Ambani-led Reliance Industries Limited (RIL) has entered top 40 of the world's most valuable firms league as it became the first Indian company to cross USD 210 billion in market capitalisation intra-day. 

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  Reliance-Future deal: What the future holds for India's retail sector

  Business | August 31, 2020 11:09 IST

  With Future Retail takeover Reliance Retail now consolidated its position in Retail Space. Now Reliance Retail has entered into Upmarket, Metro and Malls. Future Retail has a good presence in these areas.

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  Mukesh Ambani's RIL in talks to buy Milkbasket, Urban Ladder: Report

  Business | August 17, 2020 12:44 IST

  ​Reliance Industries (RIL) may buy online furniture brand Urban Ladder and milk delivery platform Milkbasket. The company is in talks to acquire both, according to a TOI report.

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  Mukesh Ambani, 4th richest person in the world, lesser known facts

  Fyi | August 11, 2020 23:06 IST

  Billionaire Indian industrialist Mukesh Ambani has become the 4th richest person in the world. Above him, the top 3 positions are currently dominated by Jeff Bezos, Bill Gates, and Mark Zuckerberg. Here are some interesting facts about Mukesh Ambani.

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  FutureBrand Index 2020: Reliance Industries ranked No 2 globally after Apple

  Business | August 05, 2020 19:31 IST

  FutureBrand, which is a global brand transformation company, said part of Reliance's success could be attributed to Mukesh Ambani's recasting of the firm as a one-stop-shop for Indians.